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AnchorPoint Client Featured in Aberdeen Group Report on Success Strategies in Category Spend Management

Jan 18, 2006 - Framingham, MA - AnchorPoint™, a leading provider of integrated Telecom Expense Management (TEM) solutions, today announced that a multi-billion dollar financial services client, was selected as one of several companies profiled an Aberdeen Group report released yesterday titled, “Success Strategies in Category Spend Management".

The Aberdeen Group report focuses on the key issues and challenges that companies are facing in category spend management including telecom, business value analysis for the category, and recommendations for action, including the use of Aberdeen’s Total Cost Management (TCM) framework to provide a business process context for analyzing, choosing and implementing technology for effective spend management. Several enterprise case studies recognized by Aberdeen as being successful in category spend management, plus the supporting solution providers they used to achieve their results, highlight the report.

“The Aberdeen report contains valuable best practices and suggested approaches towards telecom spend management. We are thrilled to have one of our customers chosen to exemplify how our successful partnership applying our technology, application software suite and expertise will improve day-to-day operations and deliver a powerful ROI,” said David E. Olsson, president and CEO, AnchorPoint, Inc.

In the report, Aberdeen Group noted, “A key strategy rising to the top of procurement priority lists is category spend management. Our research showed that inconsistent, manual processes are the biggest hurdles to purchasing improvement, followed by poor visibility into spending commitments and sustaining service quality levels.”

AnchorPoint’s full lifecycle approach to managing telecom costs integrates all TEM functions in a single solution. Through the successful utilization of AnchorPoint’s TEM application suite and AnchorPoint’s Business Analytics tools and services, companies are able to re-allocate or eliminate costs, improve operating efficiencies, increase ROI from their telecom/IT investments, enable internal staff to focus on core competencies, and provide a baseline of information to make decisions on new technology purchases, resulting in a 15-25 percent savings on their telecom costs.

A complimentary copy of the Aberdeen Group study can be found at Aberdeen/AnchorPoint.

Corporate Contact:
Michael Grillo | Marketing Manager | +1 508-628-4524 | mgrillo@anchorpoint.com

Media Contact:
Tristam Wallace | Harpell | +1 781-210-0944 | twallace@harpell.com

About Anchorpoint

AnchorPoint (www.AnchorPoint.com) is a leading provider of Telecom Expense Management Solutions that enable enterprises to gain visibility and control of strategic assets that drive key business processes and crucial competitive advantage. The company’s award-winning software, consulting and managed services solutions -- including integrated Invoice, Asset, and Usage Management and Business Analytics tools -- provide professionals at every level of the organization with rapid access to concise, actionable data. Armed with this knowledge, they can make smart operational and financial decisions that maximize the performance of core assets and services. From reducing costs and optimizing resources for superior ROI; from allocating budgets to ensuring regulatory compliance; from purchasing to payment; and everything in between, global leaders like BB&T, Pitney Bowes and AGFA rely on AnchorPoint for absolute control over bottom line results.